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Page added on September 7, 2014
US fuel markets still rely on imports
Some markets in the United States still rely heavily on imports to meet regional demand for petroleum products, the U.S. Energy Department said.
The U.S. Energy Information Administration said exports of U.S. gasoline, jet fuel and other petroleum products averaged 3.7 million barrels per day in June, the last full month for which data are available. EIA said increased exports from the Gulf Coast accounted for 72 percent of all growth in the U.S. petroleum export market.
“Despite higher total U.S petroleum product exports, the East Coast remains reliant on imports to meet regional demand for both gasoline and distillate [diesel and other fuel oils],” EIA said in a weekly report published Thursday.
EIA said the East Coast market receives much of its fuel from domestic sources, though pipeline and maritime shipping constraints limit how much of the petroleum products refined elsewhere in the United States can reach the region.
EIA says trade in petroleum products varies depending on supply and demand.
“With U.S. refining capacity in the Gulf Coast far bigger than required to meet regional demand, the Gulf Coast will continue to supply product to other U.S. regions as infrastructure allows, and to the global market as supported by market conditions,” it said.
9 Comments on "US fuel markets still rely on imports"
rockman on Sun, 7th Sep 2014 11:31 am
And the NE will continue to import gasoline from Europe as long as the EU has little market for that portion of their fractionation.
synapsid on Sun, 7th Sep 2014 2:39 pm
rockman,
What is the name of the pipeline that carries fuel from refineries in TX and LA up to the Northeast? I want to say Continental but I’m not sure.
Kenz300 on Sun, 7th Sep 2014 4:38 pm
The sooner we end the oil monopoly on transportation fuels the sooner we end import of transportation fuels.
Electric, flex-fuel, biofuel, hybrid, CNG, LNG and hydrogen fueled vehicles are all now available and growing in numbers.
—————-
The Truth Behind Big Oil Attacking Ethanol – YouTube
https://www.youtube.com/watch?v=s24qLH042C8
rockman on Sun, 7th Sep 2014 7:22 pm
Syn – A number of lines but I think the biggie is Colonial Pipeline. It’s headquartered in Alpharetta, Georgia, delivers a daily average of 100 million US gallons of gasoline, home heating oil, aviation fuel and other refined petroleum products to the South and Eastern United States. Colonial consists of more than 5,500 mi of pipeline, originating at Houston, Texas, and terminating at the Port of New York and New Jersey. The pipeline travels through the coastal states of Texas, Louisiana, Mississippi, Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Pennsylvania, and New Jersey. Branches from the main pipeline also reach Tennessee.
The main lines are 40 inches and 36 inches in diameter, with one primarily devoted to gasoline and the other carrying distillate products such as jet fuel, diesel fuel, and home heating oil. The pipeline connects directly to major airports along the system. Fifteen associated tank farms store more than 1.2 billion US gallons of fuel and provide a 45 day supply for local communities.
Products move through the mainlines at a rate of about 3 to 5 miles per hour. It generally takes from 14 to 24 days for a batch to get from Houston, Texas to the New York harbor, with 18.5 days the average time.
Makati1 on Sun, 7th Sep 2014 8:24 pm
Petroleum and other “liquids”:
2013 – ~ 110,000,000,000 bbls imported.
2013 – ~ 1,300,000,000 bbls exported.
Right! The US is petroleum “independent”!
LMAO
rockman on Sun, 7th Sep 2014 9:22 pm
M – Yes. One more piece of propaganda too many Americans accept.
synapsid on Sun, 7th Sep 2014 10:52 pm
rockman,
The Colonial! That’s it! Thanks.
That route sounds like they built the thing right up the Fall Line–route planning courtesy of Palaeozoic plate tectonics.
Just like the Erie Canal.
Makati1 on Sun, 7th Sep 2014 11:42 pm
FYI: “In shadow of oil boom, North Dakota farmers fight contamination”
http://america.aljazeera.com/articles/2014/9/6/north-dakota-wastewaterlegacy.html
shortonoil on Mon, 8th Sep 2014 11:33 am
“US fuel markets still rely on imports” and by the looks of things will be for quite some time. WTI just hit $92.30/barrel. That is low enough to put about half of the shale producers under if it continues for any extended period of time. It will certainly slow drilling. One example of what is going on in shale is here:
http://www.bloomberg.com/news/2014-09-08/halcon-s-wilson-drills-more-debt-than-oil-in-shale-bet.html
We previously stated that using an energy analysis we determined that the average cost of shale production is $1.67 for every $1.00 of produced product. There may still be some good buys in the industry, but the question is how do you find them before hand? We don’t have an answer to that question. Odds of winning are probably better than a Vegas table; but not much.
Something recently flopped out of the Etp model, that surprised the hell out of us. It is not conclusive yet as we still have software to finish writing, and testing. But there is the possibility that low $100/barrel oil could be the Peak in Price. If this turns out to be the reality of the situation, the shale boom is over. Keep an eye on our commentaries section, we’ll put up a page when we are certain.
http://www.thehillsgroup.org/